Lil Pump Net Worth (Money & Salary)

What Is Lil Pump’s Net Worth?

With a net worth of $12 million, Lil Pump is an American rapper and songwriter recognized as a key figure in the SoundCloud rap genre. His rise to fame on SoundCloud occurred as he amassed millions of streams. The birth name of Lil Pump is Gazzy Garcia, and he has also been known as Trapper of the Century.

Early Life

Born on August 17, 2000, in Miami, Florida, Gazzy Garcia, known as Lil Pump, is the son of Colombian parents who divorced when he was six. At the age of 13, he was introduced to Omar Pineiro, who is also known as Smokepurpp, by his cousin Lil Ominous. Together, they began collaborating on music. During this time, both were expelled from several school districts, causing Garcia to enroll in an alternative high school, where he ultimately faced expulsion in the tenth grade for inciting a riot and fighting.

Career

In 2016, Lil Pump’s career launched after Smokepurpp produced a track that prompted him to freestyle, leading to his first single titled “Lil Pump.” This debut was independently released on SoundCloud. Following this, he produced the tracks “Elementary,” “Ignorant,” “Gang Shit,” and “Drum$tick,” with each song amassing over three million streams. His significant success on SoundCloud made him a notable figure in the South Florida underground rap scene, often referred to as “SoundCloud rap.” That same year, he co-headlined the “No Jumper” tour and participated in the Rolling Loud Festival. In 2017, he dropped the singles “D Rose” and “Boss,” which collectively gained 70 million streams. The popularity of “D Rose” led to a music video produced by Cole Bennett (Lyrical Lemonade), which, after being released on YouTube in January 2017, achieved 145 million views by July 2018.

On June 9, 2017, shortly before his 17th birthday, Lil Pump signed a record deal with The Lights Global and Warner Records. However, in January 2018, Warner Bros. canceled his contract due to his minor status at the time of signing. Garcia announced via Twitter in July 2017 that he was working on an album set for an August release. That release was delayed, leading him to instead launch “Gucci Gang,” marking his first entry on the “Billboard” Hot 100.

His debut mixtape, self-titled “Lil Pump,” released in 2017, peaked at #2 on the US Rap and R&B/Hip-Hop charts and #3 on the “Billboard” 200. The track “Gucci Gang” became his most successful single, reaching #3 on both the US Rap and R&B/Hip-Hop charts. The RIA of America certified the song gold on January 11, 2018, and by July 2018, it achieved triple platinum certification. On October 6, 2017, he launched his debut studio album, also titled “Lil Pump,” which featured collaborations with artists such as Smokepurpp, Gucci Mane, Lil Yachty, Chief Keef, Rick Ross, and 2 Chainz. Additionally, he found success with popular singles like “Back” (featuring Lil Yachty) and “Iced Out” (featuring 2 Chainz).

In January 2018, Pump collaborated with producer Carnage on the track “I Shyne.” Following this, he renewed his contract with Tha Lights Global and Warner Records for $8 million in March 2018. In the subsequent month, he released the single “Esskeetit,” which …debuting at #24 on the “Billboard” Hot 100, he performed the single on “The Tonight Show with Jimmy Fallon” on May 24, 2018. That summer, the single “Drug Addicts” was released by Lil Pump, accompanied by a music video featuring award-winning actor Charlie Sheen.

By the end of 2018, more than 11 million YouTube subscribers had been accumulated by Pump, alongside nearly two billion views on the platform. Additionally, he achieved over one billion streams on Spotify. His collaboration with Kanye West, “I Love It,” premiered at #1 on the streaming songs chart on September 22, 2018, garnering 46 million streams in its first week and reaching #1 on the Canadian Hot 100. In August 2018, he announced a tour to promote his forthcoming album “Harverd Dropout,” but this was canceled a month later due to “unforeseen circumstances.”

“Multi Millionaire,” featuring Lil Uzi Vert, was released by Lil Pump in October 2018 as a single. Garcia then released “Be Like Me,” featuring Lil Wayne, along with a music video in February 2019. The performance of this song took place on “Jimmy Kimmel Live!” on February 25, 2019. On February 22, 2019, Garcia released his second studio album, “Harverd Dropout,” featuring artists such as Kayne West, Lil Wayne, Smokepurpp, Lil Uzi Vert, 2 Chainz, Offset, Quavo, and YG.

On September 16, 2020, “Life Like Me,” a new single, was dropped on SoundCloud. This was followed by various exclusives and collaborations on SoundCloud, and in 2021, Lil Pump and producer Ronny J discreetly released an album titled “No Name,” which was unsuccessful due to inadequate marketing. In 2023, he unveiled the studio album “Lil Pump 2.”

Personal Life

Dyslexia is a challenge for Lil Pump, who has shared on social media that reading is difficult for him.

In February 2018, Pump faced arrest for discharging a weapon in an inhabited space. His manager reported that three men attempted to break into his San Fernando Valley residence before shooting at the door. Upon investigation, police discovered that the bullet might have originated from inside the house and returned with a search warrant, ultimately finding an unloaded handgun below the balcony along with ammunition scattered in the home. An investigation was subsequently launched against Garcia’s mother for endangering a minor and having an unsecured firearm at the residence.

Several months later, for driving without a license, Garcia was arrested in Miami. His manager revealed in October 2018 that the rapper had served prison time for a parole violation related to the incident, though no additional details were provided. In December of that same year, Garcia was arrested in Copenhagen for marijuana possession following a performance in Vega, resulting in a $700 fine and a two-year ban from the country.

In 2021, the IRS placed a lien on Lil Pump’s Miami home for $1.6 million in unpaid taxes. Shortly after, another lien was filed by the federal agency, asserting that he owed nearly $130 thousand for 2020 and over $141 thousand for 2021, amounting to nearly $2 million in total unpaid taxes.

On Instagram in April 2022, Lil Pump announced the passing of his father, Fabio Garcia. Additionally, in July 2023, he expressed his intent to retire from music to pursue a career as an astronaut.

Warner Brothers Contract

In March 2018, Lil Pump entered into a recording agreement with Warner Brothers, which included an advance of $8 million. The payment structure for the rapper consists of $9,000 in the first year, followed by $12,000 in the second year, and reaching $15,000 from the third to the seventh year. These figures are accurate and not mistakes. Additionally, he received a 14% share of his royalties in the United States, which is significantly above the typical rate. In certain sales formats, he is entitled to receive as much as 66% of his royalties. It’s important to note that the $8 million advance means Lil Pump won’t start earning additional money until that amount is recouped. Should the advance remain unpaid, securing future deals could prove challenging.

Real Estate

In July 2019, Lil Pump acquired a 5,000-square-foot waterfront mansion in Miami Beach for $4.6 million.